Saturday, March 07, 2009

Cox And The Oxymoron Of "Free Financial Markets"

clipped from spectator.org

Now -- why is all this important?

Because only by such misdirection, by finding a convenient
conservative scapegoat to feed the narrative of conservative
neglect and/or ideologically based obstruction, can the
establishment media shift the blame for today's mess onto the
whole idea of free markets and onto its advocates. What's at
stake here isn't just Chris Cox's reputation, but the popular
history that could shape economic decision-making for decades to
come.

Time's misuse of the Aguirre incident -- a gentle
zephyr, not a tempest nor a Teapot Dome -- was just one example
of how the magazine accomplished its smear. The whole Weisskopf
article was rife with similar flagrant dishonesties.